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Listed by Miriam Silvaof Realty of America, LLC
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Est. payment /mo
New
5849 S Michigan AVE Chicago, IL 60637
9,450 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 9,450 sqft
MLS Listing ID 12678086
Year Built 1908
Annual Tax Amount $13,305
Tax Year 2024
Lot Size 7,840 Sqft
Lot Dimensions 50X160
Property Sub-Type Multi Family 5+
Property Description
Excellent opportunity to acquire a stabilized 8-unit multifamily property in the rapidly evolving Washington Park neighborhood. The building features a desirable unit mix of six spacious 3-bedroom units and two garden-level units, offering strong rental demand and long-term investment potential. The property has benefited from numerous recent repairs and improvements, including plumbing repairs, unit updates, concrete and patio work, door replacements, and ongoing maintenance. Large unit layouts appeal to families and long-term tenants, helping support occupancy and tenant retention. Ideally located near Washington Park, public transportation, major expressways, the Green Line, and the newly opened Obama Presidential Center, the property is positioned to benefit from continued investment and redevelopment throughout the surrounding area. Whether you're expanding your portfolio or seeking a well-maintained multifamily asset in one of Chicago's emerging growth corridors, this building offers an attractive combination of stability, location, and future upside.
Location
State IL
County Cook
Zoning MULTI
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
Building
Structure Type Brick
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